MFS Charter Income Trust (NYSE:MCR) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its stake in shares of MFS Charter Income Trust (NYSE:MCR) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,477 shares of the financial services provider’s stock after selling 1,776 shares during the period. Raymond James & Associates’ holdings in MFS Charter Income Trust were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its position in MFS Charter Income Trust by 47.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,037,968 shares of the financial services provider’s stock worth $6,072,000 after purchasing an additional 334,345 shares during the last quarter. Shaker Financial Services LLC increased its position in MFS Charter Income Trust by 108.2% during the third quarter. Shaker Financial Services LLC now owns 218,571 shares of the financial services provider’s stock worth $1,279,000 after purchasing an additional 113,580 shares during the last quarter. Commonwealth Equity Services LLC increased its position in MFS Charter Income Trust by 2.6% during the third quarter. Commonwealth Equity Services LLC now owns 163,083 shares of the financial services provider’s stock worth $954,000 after purchasing an additional 4,179 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in MFS Charter Income Trust by 78.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 75,939 shares of the financial services provider’s stock worth $444,000 after buying an additional 33,287 shares during the period. Finally, Landscape Capital Management L.L.C. grew its stake in MFS Charter Income Trust by 66.7% during the third quarter. Landscape Capital Management L.L.C. now owns 27,876 shares of the financial services provider’s stock worth $163,000 after buying an additional 11,156 shares during the period.

MFS Charter Income Trust Trading Up 1.0 %

MCR opened at $6.15 on Monday. MFS Charter Income Trust has a 52-week low of $5.63 and a 52-week high of $6.70. The company has a 50 day moving average of $6.25 and a two-hundred day moving average of $6.22.

MFS Charter Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 17th will be paid a dividend of $0.046 per share. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.05. This represents a $0.55 annualized dividend and a yield of 8.98%. The ex-dividend date is Tuesday, April 16th.

MFS Charter Income Trust Profile

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.